Insurance

Everything You Need To Know About the Powersports Gap 150 Total Loss Protection

Any Powersports vehicle is taken to be a complete loss if it incurs damage in an accident and the costs of its repair are more than the insured value or if it is stolen and cannot be recovered. In both of these cases, owners need the proper insurance coverage to give them peace of mind and protection. Powersports vehicle insurance coverage offers protection to owners in both the above circumstances and to know more about them; they should visit their dealers to learn about their details with the F&I solutions departments.

Powersports Gap 150 Total Loss Protection and its primary objective for the customer

The Powersports gap 150 total loss protection is a coverage that protects the owner in the above two circumstances and is known for its fast claim process. In fact, it is the maximum coverage that any owner of a Powersports vehicle can get. This Program gives you the difference between the actual cash value of your car and the loan balance if it is declared as a total loss. It has been found that most of the total losses generally take place in the first six months of your ownership.

Under general circumstances, even if you incur a loss, you should pay the difference between the sum owed to the dealer that depends upon the retail sales installment sales contract and the actual cash value of the vehicle at the time of this total loss.

How will this insurance coverage work?

The Powersports GAP insurance coverage will pay the difference of this amount. It assists you with the payment of the loan and permits everyone to feel safe with the knowledge that they will not suffer financially in the event of vehicle theft or loss.

Reasons to sign up for it today

The above insurance coverage is essential today because loan advances are getting more and more expensive from banks. Customers often find themselves in deeper debt when such a loss occurs to their vehicles. At the same time, when people buy a Powersports vehicle, they commence their loans with a negative balance that starts from depreciation.

Get the highest insurance coverage in the industry today

The GAP 150 insurance coverage has been made with the highest protection in the industry so that customers receive the optimal asset protection for their vehicles. Irrespective of whether you are the owner of a Powersports motorcycle or an ATV, the goal of this insurance coverage is to protect you 24/7 against total loss or theft of your vehicle.

It gives you the difference between the insurance settlement and the NADA retail value of the vehicle; whichever is higher at the time of the total loss and the remaining balance of the loan that you no longer are paying.

The Powersports gap 150 total loss protection starts immediately after you buy it and can be canceled at any time. It is the highest coverage of GAP available in the industry and is available for both new and pre-owned Powersports vehicles. The Program offers a range of all kinds of Powersports vehicles like motorcycles, ATVs, watercraft, snowmobiles, etc.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button